Monday, February 6, 2017

my trading plan1


  1. draw a fib retrace from previous low to high
  2. buy at 38% dip
  3. in uptrend market/stock comes to an 38%  dip fibnoci retracement, so buy at these levels
  4. stoploss below 38% dip
  5. target =previous high-low  difference add to 38% buy entry
  6. or target 1%. 2%,3% as respectively
  7. 61.8% is the maximum dip point in uptrend
  8. always go with trend with stoploss, go with majority of nse ascend and descend
  9. if nse ascend descend ratio is 33 out of 50 is a good time to enter the market, the market is uptrend day, that is 2/3 have ascend or descend ratio which is more is the trend of the day
  10. in uptrend day place stoploss at 38.2% or 50% or 68.8% maximum to protect the trend
  11. open high low same, not necessary for uptrend
  12. In uptrend todays low is above pre.close/yesterday
  13. in uptrend cutting 38.2% is  going to be a down trend or reversal so keep stoploss always at 38.2%
  14. Today i buy ambuja cement at 233.7 and sell at 239.75  gain 6 rs
  15. low below pre.close/yesterday
  16. low =close, open =low open and low  up and down of close , close between open and low

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